The £100k London Home is History: What This Means for Buyers in 2025

The days of finding a home in London for under £100,000 are officially over

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According to new analysis from homebuying platform OneDome, there are currently no properties available across the capital for less than six figures. The cheapest listing — a 192 sq ft studio flat in Blythe Hill, Lewisham — is priced at £125,000.

This research, which reviewed listings across Rightmove, Zoopla, Nethouseprices and OneDome’s own platform, highlights a symbolic turning point in the housing market. For decades, £100,000 was considered the lowest benchmark for affordability in outer boroughs such as Barking & Dagenham, Croydon and Newham. Today, that price point has been completely erased.

The shift also intersects with the government’s new stamp duty thresholds, introduced in April 2025. The 0% band for non-first-time buyers was reduced from £250,000 to £125,000, meaning the Lewisham studio would now be the only property to qualify for stamp duty relief.

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Babek Ismayil, founder of OneDome, comments:

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“We’ve reached a symbolic tipping point — £100,000 no longer buys anything in the London property market. It’s a milestone that signals the complete disappearance of a price bracket that once represented the very bottom rung of the ladder.”

While shared ownership properties, auction guide prices and houseboats are still marketed under £100,000, mainstream listings have moved far beyond this level. Even in what many call a ‘cooling’ or ‘stagnant’ market, affordability continues to drift further out of reach for the average buyer.

The disappearance of sub-£100,000 homes is more than just a statistic. It’s a psychological shift, particularly for first-time buyers hoping to enter the market at a low entry point. With even the cheapest mainstream listings now starting at £125,000, London buyers face an affordability landscape tougher than ever before.

For investors, however, this reinforces the capital’s resilience. Even at the bottom end, London continues to demonstrate strong value retention — a reminder of why the city remains a key market for long-term property investment.